COPJ vs. RNWZ

Last updated Jun 23, 2026

COPJ (Sprott Junior Copper Miners ETF) and RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) are both exchange-traded funds - COPJ is a Copper fund tracking the Nasdaq Sprott Junior Copper Miners Index, while RNWZ is a Energy Equities fund actively managed by TrueShares. COPJ is passively managed, while RNWZ is actively managed. Over the past 3 years, COPJ returned 41.38%/yr vs 11.78%/yr for RNWZ. At a 0.43 correlation, their price movements are largely independent. COPJ charges 0.78%/yr vs 0.75%/yr for RNWZ.

Performance

COPJ vs. RNWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Junior Copper Miners ETF (COPJ) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COPJ achieves a 5.68% return, which is significantly lower than RNWZ's 14.05% return.

COPJ

• 1D: -2.31%
• 1M: -1.05%
• YTD: 5.68%
• 6M: 8.15%
• 1Y: 91.57%
• 3Y*: 41.38%
• 5Y*: —
• 10Y*: —

RNWZ

• 1D: 1.10%
• 1M: -2.56%
• YTD: 14.05%
• 6M: 15.05%
• 1Y: 33.86%
• 3Y*: 11.78%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

COPJ vs. RNWZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
COPJ Sprott Junior Copper Miners ETF	5.68%	140.63%	11.07%	-6.47%
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	14.05%	36.33%	-7.36%	-3.62%

Correlation

The correlation between COPJ and RNWZ is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.43

COPJ vs. RNWZ - Sectors Allocation Comparison

Sectors	COPJ	RNWZ
Basic Materials	100.0%	4.8%
Technology	3.6%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	3.7%
Financial Services	-	6.7%
Healthcare	-	-
Industrials	-	5.3%
Real Estate	-	3.1%
Utilities	-	41.0%

Return for Risk

COPJ vs. RNWZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COPJ

COPJ Risk / Return Rank: 56
COPJ Sharpe Ratio Rank: 64
COPJ Sortino Ratio Rank: 51
COPJ Omega Ratio Rank: 55
COPJ Calmar Ratio Rank: 59
COPJ Martin Ratio Rank: 48

RNWZ

RNWZ Risk / Return Rank: 73
RNWZ Sharpe Ratio Rank: 72
RNWZ Sortino Ratio Rank: 69
RNWZ Omega Ratio Rank: 68
RNWZ Calmar Ratio Rank: 86
RNWZ Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COPJ vs. RNWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Copper Miners ETF (COPJ) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	COPJ	RNWZ	Difference
Sharpe ratio: Return per unit of total volatility	2.05	2.22	-0.17
Sortino ratio: Return per unit of downside risk	2.41	3.02	-0.60
Omega ratio: Gain probability vs. loss probability	1.33	1.39	-0.06
Calmar ratio: Return relative to maximum drawdown	2.85	4.62	-1.77
Martin ratio: Return relative to average drawdown	7.83	12.19	-4.36

COPJ vs. RNWZ - Sharpe Ratio Comparison

The current COPJ Sharpe Ratio is 2.05, which is comparable to the RNWZ Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of COPJ and RNWZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

COPJ vs. RNWZ - Drawdown Comparison

The maximum COPJ drawdown since its inception was -32.28%, which is greater than RNWZ's maximum drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for COPJ and RNWZ.

Drawdown Indicators

	COPJ	RNWZ	Difference
Max Drawdown Largest peak-to-trough decline	-32.28%	-24.90%	-7.38%
Max Drawdown (1Y) Largest decline over 1 year	-32.28%	-7.36%	-24.92%
Max Drawdown (3Y) Largest decline over 3 years	-32.28%	-24.74%	-7.54%
Current Drawdown Current decline from peak	-19.22%	-6.30%	-12.92%
Average Drawdown Average peak-to-trough decline	-11.99%	-7.16%	-4.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.74%	2.79%	+8.95%

Volatility

COPJ vs. RNWZ - Volatility Comparison

Sprott Junior Copper Miners ETF (COPJ) has a higher volatility of 18.92% compared to TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) at 4.31%. This indicates that COPJ's price experiences larger fluctuations and is considered to be riskier than RNWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COPJ	RNWZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.92%	4.31%	+14.61%
Volatility (6M) Calculated over the trailing 6-month period	38.53%	12.21%	+26.32%
Volatility (1Y) Calculated over the trailing 1-year period	44.93%	15.32%	+29.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.58%	16.96%	+18.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.58%	16.96%	+18.62%

COPJ vs. RNWZ - Expense Ratio Comparison

COPJ has a 0.78% expense ratio, which is higher than RNWZ's 0.75% expense ratio.

Dividends

COPJ vs. RNWZ - Dividend Comparison

COPJ's dividend yield for the trailing twelve months is around 10.95%, more than RNWZ's 1.96% yield.

Position	TTM	2025	2024	2023	2022
COPJ Sprott Junior Copper Miners ETF	10.95%	11.57%	11.64%	2.48%	0.00%
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	1.96%	2.12%	2.36%	3.87%	0.01%

Frequently Asked Questions

Can I hold both COPJ and RNWZ in my portfolio?

COPJ and RNWZ have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COPJ or RNWZ?

COPJ has higher volatility (18.92%) compared to RNWZ (4.31%). In terms of maximum drawdown, COPJ dropped -32.28% vs RNWZ's -24.90%.

Which ETF is better, COPJ or RNWZ?

On 3-year performance, COPJ leads with 41.38% vs 11.78% for RNWZ. On fees, RNWZ is cheaper at 0.75% per year. On volatility, RNWZ has been the lower-risk option at 4.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COPJ or RNWZ?

Over the 3-year period, COPJ has performed better with a 41.38% return vs 11.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COPJ or RNWZ?

RNWZ is cheaper with a 0.75% expense ratio, compared with 0.78% for COPJ.

Which ETF pays a higher dividend yield, COPJ or RNWZ?

COPJ has the higher dividend yield at 10.95%, compared with 1.96% for RNWZ.

What is the main difference between COPJ and RNWZ?

COPJ is categorized as Copper, while RNWZ is Energy Equities. They also come from different issuers: Sprott and TrueShares. Their fees differ too: 0.78% for COPJ and 0.75% for RNWZ.

Which has better risk-adjusted returns?

RNWZ currently has the higher Sharpe Ratio (2.22 vs 2.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.